NATIONAL UPDATES:
1. Microsoft joins hands with Skill Development Ministry
to train students, teachers: With the
aim to empower youth in India with future-ready skills, Microsoft has signed
an MoU with the Directorate General of Training (DGT), Ministry of Skills Development and
Entrepreneurship (MSDE), to train students and educators at
government-led Industrial Training Institutes (ITIs) and National Skills
Training Institutions (NSTIs). Microsoft will offer a wide range of courses,
including training in AI, cloud computing, web development and cybersecurity
skills for nearly 6000 students and 200 faculty members. This training will
empower young students with industry-relevant skills, enhancing their
employability, and connecting them to relevant job opportunities. Train-the-Trainer
workshops will be conducted to empower faculty members on AI fluency and
fundamentals, cloud computing, web development, Power BI, and soft skills. These
trained faculty members can then train ITI students attending computer operator
and programming assistant (COPA) training. The CyberShikshaa programme focusing
on basic and intermediate cybersecurity skills training will also be expanded
to students and educators at 10 NSTIs for women.
2. Meghalaya sets up expert panel to review reservation
formula: The Meghalaya
government has set up an expert committee to review the 1972
reservation policy in line with demands made by the opposition Voice of
the People’s Party (VPP) whose leader is on an indefinite hunger strike. Following
the announcement, VPP MLA Ardent Basaiawmoit called off his hunger strike that
lasted for over 200 hours. The expert committee is mandated to review the state
reservation policy by obtaining views from all stakeholders. The chairperson
and members of the committee shall consist of experts in constitutional law,
economics, sociology, demographic studies and related fields. The 1972 job
reservation policy awarded 40 percent of reserved jobs to Garos, 40 percent for
Khasi-Jaintia tribes, 5 percent for other tribes and 15 percent for general
category candidates.
3. AIIMS Nagpur becomes first AIIMS to receive NABH
accreditation: Prime Minister Narendra
Modi has congratulated AIIMS Nagpur for becoming the first of
all AIIMS to receive the National Accreditation Board for Hospitals and
Healthcare Providers (NABH) accreditation. The NABH accreditation is recognized
globally as a standard for healthcare excellence. Only a few private hospitals
in Nagpur have this accreditation. AIIMS-Nagpur, established in 2018, is one of
the premier medical institutions in the region. The process of attaining the
NABH accreditation is rigorous and all-encompassing, evaluating various aspects
of a hospital’s performance, including patient care, safety protocols, and
organizational efficiency. NABH plays a vital role in ensuring that healthcare
institutions adhere to rigorous quality standards. By evaluating a hospital’s
infrastructure, processes, and patient outcomes, NABH accreditation establishes
a benchmark for excellence.
4. Tata to build India’s first lithium-ion cell
manufacturing gigafactory: Tata Group has signed an MoU with the Gujarat
government to set up a first-ever lithium-ion cell manufacturing gigafactory
in Gujarat. This MOU is an outcome of the newly formulated Electronics
Policy. Estimated initial investment: 130 billion rupees Production
capacity: 20 GWh The state government is committed to increasing
carbon-free, energy-efficient, and clean energy production by boosting the
production of electric vehicles and reducing carbon emissions.
5. Indian Navy’s Green Initiatives imbibing Green
Technologies:
The Indian Navy has undertaken several green initiatives and shared
some of the noteworthy initiatives towards a 'Clean and Green Navy'. It employs
a number of ships, submarines, and aircraft that have high energy
intensity, thus increased energy efficiency is paramount in every operation. It
has commissioned solar power with a cumulative capacity of 15.87 MW, with
the objective of fulfilling the government's 'Jawaharlal Nehru National Solar
Mission.
6. Maharashtra govt, Bajaj Finserv sign MoU to
invest Rs 5,000 crore: The Maharashtra government has signed an MoU with Bajaj
Finserv to invest 5,000 crore rupees in Pune which is expected to create
40,000 jobs. The MoU was signed by Harshdeep Kamble (Industry Secretary,
Maharashtra) and S Sreenivasan (Chief Financial Officer, Bajaj Finserv). The
development will have a positive impact as it will create new
jobs and business opportunities for partners, vendors, suppliers, and
contractors in and around Pune, as well as globally.
INTERNATIONAL UPDATES:
1. UAE wins Presidency of World Meteorological
Organization: A meteorologist of the United Arab Emirates
(UAE) Dr Abdulla Al Mandous has been elected as the new
President of the World Meteorological Organization (WMO) for a four-year
term from 2023 to 2027. He will succeed Prof Gerhard Adrian from the German
Meteorological Service, who served as WMO President since June 2019. Abdulla Al
Mandous emerged as the official candidate of the UAE and secured 95 votes out
of the representatives from WMO’s 193 member states and territories. The
election took place during the 19th session of the World Meteorological
Congress (Cg-19) held in Geneva, Switzerland from 22nd May to 2nd June Under
Dr. Al Mandous’ leadership, WMO’s upcoming 77th Executive Council Session
(EC-77) will be chaired by the UAE in Geneva from 5th to 6th June. The WMO is
an authoritative body within the UN system that focuses on weather, climate,
hydrological, and related environmental fields.
2. BRICS Foreign Ministers’ Meeting in Cape Town: External Affairs
Minister Jaishankar joined fellow foreign ministers from the
emerging economies of Brazil, Russia, India, China, and South Africa (BRICS) in
Cape Town. South Africa, which currently chairs the bloc, is hosting the BRICS
foreign ministers’ meeting in Cape Town. The foreign ministers’ meeting will
finalize the agenda for the 15th BRICS summit scheduled to be held in South
Africa in August. It is believed that 19 countries are in line to join BRICS. The
full form of BRICS is Brazil, Russia, India, China, and South Africa.
3. Edgars Rinkevics elected as new president of Latvia: Edgars Rinkevics, Latvia’s foreign minister
since 2011, has been elected as the country’s new president. The 100-seat
Saeima legislature elected Edgars Rinkevics, the country’s top diplomat since
2011, as president to serve for a four-year term. In 2014, he announced that he
is “proudly” homosexual, will be the first openly gay president in the Baltic
nations Latvia declared independence in 1918 but was later occupied by the
Soviet Union in 1940. It regained independence in 1991 with the collapse of the
Soviet Union.
4. 4 June – International Day of Innocent Children
Victims of Aggression: International Day of Innocent Children Victims of Aggression is
observed every year on 4 June. Objective – To raise awareness about the
children who have suffered a lot throughout the world and are victims of
physical, mental, and emotional abuse. According to the UNICEF report, 104,100
children have been killed or maimed since 2005, with more than two-thirds of
these deaths occurring between 2014 and 2020. Since 2005, around 25,700
children have been abducted, 14,200 have been sexually abused and 93,000 have
been recruited by armed actors. The idea of the International Day of Innocent
Children Victims of Aggression emerged from the UN General Assembly’s emergency
special session held on August 19, 1982. During the session, the assembly
focused on protecting Palestinian and Lebanese children from Israeli aggression
during the Lebanon war.
5. Indian
American Ajay Banga assumes charge as World Bank President: Indian American, Ajay Banga has assumed charge as
the President of the World Bank, after replacing David Malpass, who
stepped down on June 1, 2023. He has been appointed as the 14th President
of the World Bank for a five-year term. In February 2023, US
President Joe Biden nominated Ajay Banga to lead the World Bank. He has
become the first-ever Indian-American to head the World Bank. Prior to
this role, he served as Vice Chairman at General Atlantic.
6. THE
Impact Ranking 2023 released: According to the 'The Times Higher Education
Impact Rankings 2023', Amrita Vishwa Vidyapeetham, Coimbatore has emerged as
India’s highest-placed university. The university is ranked at 52nd
rank globally out of 1,591 universities. Topped by: Western Sydney
University followed by the University of Manchester (UK), Queen’s University
(Canada), Universiti Sains Malaysia, and the University of Tasmania Amrita
Vishwa stood out for its efforts toward meeting the UNSDGs.
OTHER UPDATES:
BANKING AND FINANCE
1. RBI
fines Indian Overseas Bank Rs 2.2 crore for multiple violations: The Reserve Bank of India (RBI) has imposed a monetary penalty of
Rs 2.2 crore on Indian Overseas Bank for violating various norms. The RBI said
it fined the bank under the powers vested by the Banking Regulation Act 1949.
The RBI imposed this monetary penalty after finding contraventions of banking
regulations and non-compliance with specific RBI directions related
to income recognition, asset classification, provisioning, interest rates
on deposits, and ATM security
2. ICICI
Bank commits ₹1,200 cr to Tata Memorial centre:
The ICICI Bank has committed to donating Rs 1,200
crore towards Tata Memorial Centre (TMC), from its CSR funds. Aim: To
set up three new buildings spanning over a combined area of 7.5 lakh square feet
at TMC’s centers at Navi Mumbai (Maharashtra), Mullanpur (Punjab), and
Visakhapatnam (Andhra Pradesh) ICICI Foundation for Inclusive Growth (ICICI
Foundation), the CSR arm of ICICI Bank, will implement the initiative, which
is likely to be completed by 2027.
3. Sebi
releases bond trading guidelines on RFQ platform: SEBI
released guidelines for transactions in corporate bonds through the
Request for Quote (RFQ) platform by stock brokers in order to increase
liquidity on the platform, from July 1, 2023 For all the trades in a
proprietary capacity, stock brokers will have to undertake at least 10% of
their total secondary market trades by value in corporate bonds in that
month by placing quotes through one-to-one or one-to-many mode In April 2024,
the percentage will increase to 25%
4. Karbon
Card launched country's first mobile-based expense management card: Karbon Card has launched a mobile-based expense management
card for businesses and individuals wherein it offers its users
uncapped cashback of upto 1%. Card ++ differentiates itself by providing
interesting cashback offers, incentivizing people their spending. The unique
feature adds value to the card, making it an option for users. Its features
include the ability to make payments on various platforms such as Google,
Amazon, Swiggy, and Ola.
OBITUARIES
1. Noted theatre actor Amir Raza Husain passes away: A noted theatre actor and director, Amir Raza Husain has passed away at 66. He was known for his large outdoor stage productions such as "The Fifty Day War" based on the Kargil War and "The Legend of Ram". He was also the Creative Director of the Stagedoor Theatre Company, established in 1974, which has presented over 91 productions and more than 1,100 performances. He was honoured with the Padma Shri (2001) by the government for his contribution to theatre.
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